The overall PPI in Palestine with its base month (December 2015=100) reached 101.15 in 2017, which indicates an increase by 0.88% compared to 2016.

Prices of PPI for 2017 increased due to the increase in the prices of goods in Water supply; sewerage, waste management and remediation activities group by 7.65%, the prices of goods in Electricity, gas, steam and air conditioning supply group by 6.13%, and the prices of goods in Agriculture, forestry and fishing group by 0.66%, While the prices of goods in Mining and quarrying group decreased by 0.32%, and the prices of goods in Manufacturing group decreased by 0.20%, in 2017 compared to 2016.

The prices of locally consumed products increased by 0.98%, while the prices of local exported products slightly decreased by 0.04%.

The producer’s price is the amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any VAT, or similar deductible tax, invoiced to the purchaser. The producer’s prices exclude any transport charges invoiced separately by the producer.

The table shows yearly Percent Change in PPI in Palestine for the period 2007 – 2017:

Year

Yearly Percent Change

Local Products

Export Products

Total Products

2007

+ 2.37

+ 1.43

+ 2.27

2008

+ 8.51

+ 4.95

+ 8.16

2009

+ 1.46

+ 2.62

+ 1.53

2010

+ 3.60

+ 1.95

+ 3.36

2011

+ 3.75

+ 2.83

+ 3.63

2012

+ 2.41

+ 3.87

+ 2.55

2013

+ 0.94

+ 0.30

+ 0.89

2014

+ 0.98

- 1.19

+ 0.78

2015

+ 1.89

+ 0.06

+ 1.73

2016

+ 1.86

+ 0.63

+ 1.76

2017

+ 0.98

- 0.04

+ 0.88

Cum.

+ 32.54

+ 18.66

+ 30.97

Decrease in the Producer Price Index during December 2017

The overall Producer Price Index (PPI) for Palestine with its base month (December 2015=100) reached 99.04 in December 2017, as it decreased by 0.45% compared to November 2017.

Producer Price Index for locally consumed products (December 2015=100) reached 98.99 in December 2017, which indicates a decrease by 0.47% compared to November 2017.

Producer Price Index for local exported products (December 2015=100) reached 99.23 in December 2017, which indicates a decrease by 0.33% compared to November 2017.

The changes of Producer Price Index for December 2017 were traced back to changes in prices of the following major activities compared to the previous month:

Major Activities

% Change

Electricity, gas, steam and air conditioning supply

- 2.15%

Manufacturing

- 0.41%

Water supply; sewerage, waste management and remediation activities

+ 3.30%

Agriculture, forestry and fishing goods

+ 0.15%

Mining and quarrying

0.00%

NB:
Data collection of Producer Price Index survey was funded by the European Union.

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All individual information and data submitted to the Bureau for statistical purposes shall be treated as confidential and shall not be divulged, in whole or in part, to any individual or to public or private body, or used for any purpose other than for preparing statistical tables